Crypto Gloom

Buck increases token yield to 10% through automatic rewards and reduced on-chain costs.

briefly

Buck’s latest upgrade aims to increase token yields to 10% and introduce automatic rewards distribution, strengthening its position in the emerging SavingsCoin category while simplifying on-chain savings.

Buck increases token yield to 10% and launches automatic reward distribution

Digital asset technology company Buck has announced an update to its core yield token, increasing annual yields to 10% and introducing changes to streamline the user experience. Upgrades apply to existing tokens, not newly minted assets.

The adjustment increased Buck’s yield from 7% to 10%, making it one of the higher yielding instruments in decentralized finance. The project has also removed the previous requirement that users manually claim rewards, moving to an automated distribution model that sends proceeds directly to holders’ wallets.

Buck’s 10% Automatic Yield Upgrade Signals the Way to the Next Generation of SavingsCoins

“This is a monumental step forward for the Buck ecosystem,” Travis VanderZanden, CEO of Buck Labs, said in a written statement.

“The 10% yield and automatic yield distribution are not just a feature, but a promise to holders’ future financial freedom. We are aggressively positioning Buck as the leader in the new SavingsCoin category, offering an unparalleled value proposition that redefines digital asset holdings,” he added.

The previous structure required token holders to claim rewards through an application. The new system eliminates that step, with the goal of reducing friction and simplifying revenue-generating product engagement.

The update comes as competition in decentralized finance continues to intensify as users increasingly seek sustainable revenue models and simple product designs. Buck’s changes reflect a broader trend to simplify on-chain financial tools while maintaining transparent and predictable mechanisms.

Buck, a digital asset technology company, describes itself as the creator of the world’s first Bitcoin dollar savings coin. The company offers annual rewards for tokens minted, calculated on a per-minute basis and with no lock-up requirements, positioning its product as a flexible and globally accessible savings vehicle within the wider community.

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About the author

As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.

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As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.

more articles